FxWirePro: Gold faces strong resistance at 10 day EMA, good to sell on rallies

• Major resistance- $1230 (10 day EMA)
   
• The yellow metal has jumped till $1219.81 today morning and started to slightly decline from the level.
   
• Gold’s major resistance around $1230 (10 day EMA) and any slight bullishness only above that level.
   
• Any indicative break above $1230 will take the commodity till $1235/$1239 level.  Short term bullishness only above $1240 (55 day EMA).
   
• On the lower side major support is around $1200 and any break below targets $1190/$1175/$1160.

It is good to sell on rallies around $1220 with SL around $1230 for the TP of $1200/$1190